Diana Shipping Inc (NYSE:DSX), global operator of dry bulk vessels, agrees to acquire a new building Kamsarmax dry bulk carrier for $26.5 million. The vessel is expected to be delivered by the end of January 2013.

Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) are sitting out a party. Scott Simon, mortgage head at PIMCO, claims the banks are losing an opportunity to make the biggest mortgage profits on record in an environment where “loans have never been safer, they’ve never been more profitable.” With the Fed pumping in $40 billion to buy mortgage bonds each month, profit margins are wide, and taking full advantage of the lack of competition are Wells Fargo & Co (NYSE:WFC) and JP Morgan Chase (NYSE:JPM).